LONMARKETS

LONMARKETS Information

LONMARKETS is a financial trading platform that offers Raw, Standard, VIP, and Cryptor accounts. It supports diverse deposits, with high leverage (1:1000) and generous bonuses. It uses platforms such as MT5 and WebTrader to enhance the trading experience. But it lacks effective supervision.

Pros and Cons

Is LONMARKETS Legit?

LONMARKETS provides SSL encryption for new traders, while implements funds segregation measures for experienced traders.

However, LONMARKETS is not currently under an effective regulatory framework, which indicates that its operating activities are not subject to the supervision and regulation of any government or formal financial institution.

What Can I Trade on LONMARKETS?

LONMARKETS offers traders the opportunity totrade Forex, Indices and commodities, Stock , and Cryptocurrency.

Account Types

LONMARKETSoffers five live account types: Raw, Standard, Fixed, VIP, and Crypto.

All of these accounts require a minimum deposit of $1,000 to ensure a certain level of commitment from traders.

LONMARKETS also offers a demo account.

The Raw and Standard account are suitable for traditional retail investors, which offer consistent spreads; The VIP account is for high volume traders; The Crypto account meets cryptocurrency trading needs.

Leverage

LONMARKETS offers leverage of up to 1:1000, allowing traders to control a position hundreds of times greater than the initial investment, bringing huge profit opportunities. But high leverage increases both profits and risks and needs to be used with caution.

LONMARKETS Fees

LONMARKETS sets spreads and commissions according to the type of account to meet different needs.

The spread for Raw account is as low as 0.0 pip, but the commission is $10;

The spread is 1.0 pip for the Standard account, 1.5 pips for the Fixed account, and 0.4 pips for the VIP account, while the commission of these three accounts is free. The Crypto account provides raw spreads and is suitable for cryptocurrency trading.

Trading Platform

MetaTrader 5 (MT5) is the main one chosen by LONMARKETS to serve clients of different preferences.

In addition, LONMARKETS offers the WebTrader platform, which allows instant online access to global markets without the need to download or install any additional software.

Deposit and Withdrawal

LONMARKETS shows a high degree of flexibility and convenience in financial transactions, accepting a variety of payment methods including e-wallets such as Skrill and Netelle, Bank transfer, Local transfer, and credit card systems like MasterCard and Visa, without any deposit or withdrawal fees.